Newmont's mega-million dollar pay plan for CEO Goldberg comes under fire

DENVER BUSINESS JOURNAL - Newmont Mining Corp. wants shareholders to approve CEO Gary Goldberg's multi-million-dollar executive compensation package later this month.

Some people aren't so sure.

On Friday, the Denver global mining giant (NYSE: NEM) explained its reasons why Goldberg should be paid more than $16 million annually, including stock awards (which were $11.8 million in 2016, up from $9.4 million a year earlier and $5.5 million in 2014) long-term incentives, salary and bonus.

But proxy advisory firm Institutional Shareholder Services Inc. (ISS) doesn't like Goldberg's pay plan and wants shareholders to vote against the required "say on pay" plan.

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(© 2017 American City Business Journals)


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